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Casella Waste Systems, Inc., together with its subsidiaries, operates as a regional, vertically-integrated solid waste, and resource management services company in the northeastern United States. It provides resource management services, primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers. The company offers a range of non-hazardous solid waste services, including collections, transfer stations, material recovery facilities, and disposal facilities. It also markets recyclable metals, aluminum, plastics, and paper and corrugated cardboard that are processed at its facilities, as well as recyclables purchased from third-parties. In addition, the company, through a joint venture interest in Casella-Altela Regional Environmental Services, LLC, owns and operates water and leachate treatment facility for the natural gas drilling industry in Pennsylvania, as well as involved in commodity brokerage operations. As of January 30, 2015, it owned and/or operated 35 solid waste collection operations, 44 transfer stations, 18 recycling facilities, 9 Subtitle D landfills, 4 landfill gas-to-energy facilities, and 1 landfill permitted to accept construction and demolition materials. Casella Waste Systems, Inc. was founded in 1975 and is headquartered in Rutland, Vermont.

Casella Waste Systems Inc. reported unaudited consolidated earnings results for the eighth months transition period ended December 31, 2014. For the period, the company reported revenue of $368,374,000 compared to $340,069,000 a year ago. Operating income was $22,110,000 compared to $21,891,000 a year ago. Loss from continuing operations before income taxes and discontinued operations was $5,107,000 compared to $2,822,000 a year ago. Net loss was $5,810,000 compared to $4,078,000 a year ago. Net loss attributable to common stockholders was $6,018,000 compared to $3,723,000 a year ago. Basic and diluted net loss per common share was $0.15 compared to $0.09 a year ago. Adjusted EBITDA was $74,695,000 compared to $72,957,000 a year ago. Net Cash Provided by Operating Activities was $38,286,000 compared to $25,770,000 a year ago. Acquisition related additions to property, plant and equipment was $45,000 compared to $2,412,000 a year ago. Additions to property, plant and equipment was $55,016,000 compared to $31,090,000 a year ago. Adjusted Operating Income was $23,045,000 compared to $22,572,000 a year ago. Capital expenditures were $55,016,000 compared to $25,770,000 a year ago.
The company reaffirmed earnings guidance for full fiscal year ending December 31, 2015. For the period, the company expects revenues between $520 million and $530 million compared to $525.9 million for the twelve months ended December 31, 2014. Adjusted EBITDA expected to be between $103 million and $107 million compared to $96.9 million for the twelve months ended December 31, 2014. Free Cash Flow expected to be between $14 million and $18 million compared to $9.7 million for the twelve months ended December 31, 2014. Capital Expenditures expected of between $45 million and $48 million, and payments on operating leases of roughly $6.5 million.

Casella Waste Systems Inc. provided earnings guidance for the eight months transition period and twelve months period ended December 31, 2014. The company reported that the revenues are expected to be approximately $368.4 million for transition period 2014, as compared to the previously disclosed guidance range of between $356.0 million and $366.0 million for the same period, and as further compared to revenues of $340.1 million for the eight months ended December 31, 2013. Adjusted EBITDA is expected to be between approximately $74.0 million and $75.0 million for transition period 2014, as compared to the previously disclosed guidance range of between $71.0 million and $75.0 million for the same period, and as further compared to Adjusted EBITDA of $73.0 million for the eight months ended December 31, 2013. Capital expenditures are expected to be approximately $55.0 million for transition period 2014, as compared to the previously disclosed guidance range of between $52.0 million and $55.0 million for the same period.
The company reported that the revenues are expected to be approximately $525.9 million for the 12 months ended December 31, 2014. Adjusted EBITDA is expected to be between approximately $96.0 million and $97.0 million for the 12 months ended December 31, 2014. Free cash flow is expected to be between approximately ($10.2) million and ($9.2) million for the 12 months ended December 31, 2014.

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